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Neodymium Price — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
What Actually Moves the Neodymium Price
Neodymium sits at ₹12.41 per gram today, September 17, 2026, and behind that single number are three forces doing most of the work: how fast magnet-hungry industries are growing, how tightly China holds the supply chain, and how far along the world's efforts to diversify away from that concentration actually are. Understand those three and the rest of this metal's price behaviour mostly falls into place.
The starting point for the number itself is an international rare-earth benchmark, converted into rupees at the prevailing USD/INR rate. Everything below explains what pushes that benchmark up or down before the currency conversion even happens.
- Today's rate, 1 gram: ₹12.41
- Today's rate, 1 kilogram: ₹12,405.39
Neodymium Price by Weight
Today's Neodymium rate is Twelve Rupees per gram. At this rate, 10 grams of Neodymium costs One Hundred and Twenty Four Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹12.41 | Twelve Rupees |
| 8 Grams | 8.0000 g | ₹99.24 | Ninety Nine Rupees |
| 10 Grams | 10.0000 g | ₹124.05 | One Hundred and Twenty Four Rupees |
| 100 Grams | 100.0000 g | ₹1,240.54 | One Thousand Two Hundred and Forty One Rupees |
| 1 Kilogram | 1,000.0000 g | ₹12,405.39 | Twelve Thousand Four Hundred and Five Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹351.69 | Three Hundred and Fifty Two Rupees |
| 1 Troy Ounce | 31.1035 g | ₹385.85 | Three Hundred and Eighty Six Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹12,405,389.00 | One Crore Twenty Four Lakh Five Thousand Three Hundred and Eighty Nine Rupees |
The Demand Side: Two Fast-Growing Magnet Markets
Neodymium's demand story is almost entirely about one thing: neodymium-iron-boron magnets, the strongest class of permanent magnet in common industrial use. Electric vehicle motors are a major consumer of these magnets, because their strength allows for compact, high-torque motor designs that would need to be considerably bulkier with a weaker magnet material. When EV production accelerates, magnet demand — and by extension neodymium demand — tends to follow closely.
Wind turbines add a second, distinct pull
Wind turbine generators are the other major consumer, and here the design matters a great deal. Direct-drive turbines, which skip the mechanical gearbox that geared turbines use, rely on much larger permanent magnets to do the job a gearbox would otherwise help with — meaning they use substantially more neodymium per turbine than a geared design does. As direct-drive installations have grown, so has this demand line. Hard disk drives and assorted electronics round out demand with a smaller, steadier base that predates both the EV and wind stories.
Neodymium Price — Last 10 Days
The most recent Neodymium price on record (2026-09-17) is Twelve Rupees per gram. This is up by Less than One Rupees from the previous day's rate of ₹12.38.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-09-17 | ₹12.41 | +0.02 |
| 2026-09-16 | ₹12.38 | -0.06 |
| 2026-09-15 | ₹12.44 | +0.02 |
| 2026-09-14 | ₹12.42 | +0.02 |
| 2026-09-13 | ₹12.40 | +0.00 |
| 2026-09-12 | ₹12.40 | +0.01 |
| 2026-09-11 | ₹12.40 | -0.01 |
| 2026-09-10 | ₹12.40 | +0.06 |
| 2026-09-09 | ₹12.34 | +0.05 |
| 2026-09-08 | ₹12.30 | — |
The Supply Side: One Country's Outsized Grip
On supply, the conversation starts and mostly ends with China. It holds the leading position in mining rare earth ore, but its more decisive advantage is in processing — the difficult, environmentally intensive chemical work of separating individual rare-earth elements from each other and from the ore they occur in. China built that processing capacity over decades while few other countries invested in doing the same, which means even ore mined elsewhere often still needs Chinese refining before it becomes usable metal.
That concentration cuts both ways for prices. When Chinese policy and output stay stable, the market has one less thing to worry about. When something shifts — an export rule, a licensing change, a domestic demand surge inside China itself — the effect on world neodymium prices tends to be larger than an equivalent shift would be for a metal whose supply chain is spread across many countries. Countries including the United States and Australia have publicly announced mining and processing investments aimed at reducing this reliance, a real and welcome trend for supply-chain diversity, though still modest set against China's existing scale.
Put together — fast-growing magnet demand sitting on top of a supply chain concentrated in one country's processing capacity — and it becomes easier to see why neodymium behaves differently from most of the base metals it sometimes gets compared against.
What Affects Neodymium Price — FAQs
Neodymium-iron-boron magnets, by a wide margin. Almost all significant neodymium demand traces back to NdFeB magnets used in EV motors, wind turbine generators, hard disk drives and various electronics — there is no comparable secondary use case pulling meaningful volume the way, say, jewellery does for gold.
China holds the dominant position in both mining and, even more decisively, processing and refining rare earths into usable metal. That second role — processing — is the more defining feature of this market, because even ore mined outside China often still needs Chinese refining capacity to become usable. Chinese policy and domestic pricing signals therefore carry outsized weight on this benchmark.
Substantially, and growing. EV motors use neodymium-iron-boron magnets for compact, high-torque designs, and wind turbine generators — especially direct-drive designs that skip a gearbox — use meaningfully larger amounts of magnet material per unit than a geared design would. Both are real, well-documented demand sources tied to industries that have expanded quickly in recent years.
Yes. The domestic rate starts from an international rare-earth benchmark, converted into rupees at the day's USD/INR exchange rate. A weaker rupee raises the India-side rate even if the international benchmark hasn't moved at all, and a stronger rupee works the other way.
Countries including the United States and Australia have publicly announced real investment in mining and processing capacity outside China, citing supply-security concerns. It's a genuine trend worth tracking, but it remains early-stage relative to China's established scale, so its effect on today's price is limited compared with the effect it could have once that capacity actually comes online.
